Tuesday, March 21, 2017

Vive Le Pen

It would appear that we are in a larger degree wave 4 than we had suspected, correcting the leg on SPX from 2083 to almost 2401. This wave should run into next week, roughly toward the end of March, retracing to support near the .382 fib, around the 2280 level SPX.

Marine Le Pen, you're our only hope

Then we can look forward to some sort of political fix with Trump and the GOP, animal spirits, and a rally to finish the mess.

SPX 20D

The shape of the final rally, into the French elections. Vive la majorité silencieuse.

SPX 1Y

Marine Le Pen elected Maximum Leader of the France will of course save that country from demographic peril, at the cost of Europe and the worldwide ponzi credit money system.

Again, the Fed will CUT in June, as a desperate attempt to staunch the bleeding. It will only trigger a vicious short-squeeze and halfway-back bounce.

18 comments:

Thanks for reminding me that I need to read The Fourth Turning. I've heard that it's open to interpretation, and many believe that we may in fact be PAST the crisis/unraveling phase and are headed into a growth phase.

Investing.com's indicators are kinda funny at times, though. I've seen their monthly ones flip from red to green after a few 5-minute candles overnight. Seems a little sensitive for a longer-term guide.

If the 2336 SPX low this morning was the true end of W4, then we just corrected the move from 2233 to 2401 SPX, right about a .382 retrace. We would head up NOW for new highs on a minor 5th over the next couple of weeks.

If that's the case, then in wave terms, we only wonder if there are additional 4/5 cycles of this left to unwind, or if it is finally over and it's time to see true impulsive waves south.

The Fourth Turning was long ago preceded by Thomas Cole, who painted the Course of Empire, from 1833-36.

We now stand between "The Consummation of Empire" and "Destruction"

http://www.explorethomascole.org/tour/items/69/series/

OR - the fourth turning leads to destruction.

"There is the moral of all human tales;'Tis but the same rehearsal of the past.First Freedom and then Glory—when that fails,Wealth, vice, corruption—barbarism at last.And History, with all her volumes vast,Hath but one page."

From CG's link: "Except when the old system can no longer be maintained.Hence the crisis. On the one hand the rock — a system that can no longer be maintained and, therefore, is rapidly moving into complete collapse."

YEP! When the electricity disappears and all sewage systems fail:

The first epidemic of a waterborne disease probably was caused by an infected caveman relieving himself in waters upstream of his neighbors.

Perhaps the entire clan was decimated, or maybe the panicky survivors packed up their gourds and fled from the “evil spirits” inhabiting their camp to some other place.

As long as people lived in small groups, isolated from each other, such incidents were sporadic. But as civilization progressed, people began clustering into cities. They shared communal water, handled unwashed food, stepped in excrement from casual discharge or spread as manure, used urine for dyes, bleaches, and even as an antiseptic.

As cities became crowded, they also became the nesting places of waterborne, insect borne, and skin -to-skin infectious diseases that spurted out unchecked and seemingly at will. Typhus was most common, reported Thomas Sydenham, England’s first great physician, who lived in the 17th century and studied early history. Next came typhoid and relapsing fever, plague and other pestilential fever, smallpox and dysentery’s-the latter a generic class of disease that includes what’s known as dysentery, as well as cholera.

The ancients had no inkling as to the true cause of their misery. People believed divine retribution caused plagues and epidemics, or else bad air, or conjunction of the planets and stars, any and all of these things.

Ignorance Ain’t Bliss! How else to explain healthy people suddenly falling dead within hours and soldiers struck down with no signs of wounds? What else would cause such excruciating deaths, accompanied by delirium or hallucination, the body wracked by yellow or green or black vomit or excreta; or covered with obscene black boils, terrible red rushes or ghastly blue pallor? Why else would such sickness remain for months, then leave suddenly and not reappear till years later? Or perhaps it was replaced by a plague more deadly.

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